<SEC-DOCUMENT>0000935836-25-000250.txt : 20250325
<SEC-HEADER>0000935836-25-000250.hdr.sgml : 20250325
<ACCEPTANCE-DATETIME>20250325191924
ACCESSION NUMBER:		0000935836-25-000250
CONFORMED SUBMISSION TYPE:	SCHEDULE 13G
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20250325
DATE AS OF CHANGE:		20250325

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Warner Music Group Corp.
		CENTRAL INDEX KEY:			0001319161
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-AMUSEMENT & RECREATION SERVICES [7900]
		ORGANIZATION NAME:           	07 Trade & Services
		EIN:				134271875
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-81307
		FILM NUMBER:		25769726

	BUSINESS ADDRESS:	
		STREET 1:		1633 BROADWAY
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
		BUSINESS PHONE:		212-275-2000

	MAIL ADDRESS:	
		STREET 1:		1633 BROADWAY
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	WMG Parent Corp.
		DATE OF NAME CHANGE:	20050228

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DARLINGTON PARTNERS CAPITAL MANAGEMENT, LP
		CENTRAL INDEX KEY:			0001854440
		ORGANIZATION NAME:           	
		EIN:				851409925
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G

	BUSINESS ADDRESS:	
		STREET 1:		300 DRAKES LANDING ROAD
		STREET 2:		SUITE 290
		CITY:			GREENBRAE
		STATE:			CA
		ZIP:			94904
		BUSINESS PHONE:		4154644648

	MAIL ADDRESS:	
		STREET 1:		300 DRAKES LANDING ROAD
		STREET 2:		SUITE 290
		CITY:			GREENBRAE
		STATE:			CA
		ZIP:			94904
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13G
<SEQUENCE>1
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<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>SCHEDULE 13G</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <!-- Field: Pseudo-Tag; ID: Name; Data: DARLINGTON PARTNERS CAPITAL MANAGEMENT, LP -->
          <cik>0001854440</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <securitiesClassTitle>Class A Common Stock</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>06/04/2024</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0001319161</issuerCik>
        <issuerName>Warner Music Group Corp.</issuerName>
        <issuerCusip>934550203</issuerCusip>
        <issuerPrincipalExecutiveOfficeAddress>
          <com:street1>1633 BROADWAY</com:street1>
          <com:city>NEW YORK</com:city>
          <com:stateOrCountry>NY</com:stateOrCountry>
          <com:zipCode>10019</com:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(b)</designateRulePursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(c)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>Darlington Partners Capital Management, LP</reportingPersonName>
      <memberGroup>b</memberGroup>
      <citizenshipOrOrganization>DE</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>7346019.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>7346019.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>7346019.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>5.2</classPercent>
      <typeOfReportingPerson>IA</typeOfReportingPerson>
      <typeOfReportingPerson>PN</typeOfReportingPerson>
      <comments>Percentage calculated based on 141,598,720 shares of Class A Common Stock outstanding on May 3, 2024, as reported in the Form 10-Q filed by the Issuer for the fiscal quarter ended March 31, 2024.</comments>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>Darlington Partners GP, LLC</reportingPersonName>
      <memberGroup>b</memberGroup>
      <citizenshipOrOrganization>DE</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>7346019.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>7346019.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>7346019.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>5.2</classPercent>
      <typeOfReportingPerson>HC</typeOfReportingPerson>
      <typeOfReportingPerson>OO</typeOfReportingPerson>
      <comments>Percentage calculated based on 141,598,720 shares of Class A Common Stock outstanding on May 3, 2024, as reported in the Form 10-Q filed by the Issuer for the fiscal quarter ended March 31, 2024.</comments>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>Darlington Partners, L.P.</reportingPersonName>
      <memberGroup>b</memberGroup>
      <citizenshipOrOrganization>DE</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>7346019.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>7346019.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>7346019.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>5.2</classPercent>
      <typeOfReportingPerson>PN</typeOfReportingPerson>
      <comments>Percentage calculated based on 141,598,720 shares of Class A Common Stock outstanding on May 3, 2024, as reported in the Form 10-Q filed by the Issuer for the fiscal quarter ended March 31, 2024.</comments>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>Scott W. Clark</reportingPersonName>
      <memberGroup>b</memberGroup>
      <citizenshipOrOrganization>X1</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>7346019.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>7346019.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>7346019.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>5.2</classPercent>
      <typeOfReportingPerson>HC</typeOfReportingPerson>
      <typeOfReportingPerson>IN</typeOfReportingPerson>
      <comments>Percentage calculated based on 141,598,720 shares of Class A Common Stock outstanding on May 3, 2024, as reported in the Form 10-Q filed by the Issuer for the fiscal quarter ended March 31, 2024.</comments>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>Ramsey B. Jishi</reportingPersonName>
      <memberGroup>b</memberGroup>
      <citizenshipOrOrganization>X1</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>7346019.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>7346019.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>7346019.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>5.2</classPercent>
      <typeOfReportingPerson>HC</typeOfReportingPerson>
      <typeOfReportingPerson>IN</typeOfReportingPerson>
      <comments>Percentage calculated based on 141,598,720 shares of Class A Common Stock outstanding on May 3, 2024, as reported in the Form 10-Q filed by the Issuer for the fiscal quarter ended March 31, 2024.</comments>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>Warner Music Group Corp.</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>1633 Broadway, New York, NY 10019</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>Darlington Partners Capital Management, LP, a Delaware limited partnership ("DPCM LP")

Darlington Partners GP, LLC, a Delaware limited liability company ("DP GP")

Darlington Partners, L.P., a Delaware limited Darlington ("Darlington")

Scott W. Clark

Ramsey B. Jishi

DPCM LP is the investment adviser of private investment funds, including Darlington (together, the "Funds").  DP GP is the general partner of DPCM LP and the Funds.  Mr. Clark and Mr. Jishi are the managers of DP GP.  The Filers are filing this Schedule 13G jointly but not as members of a group, and each disclaims membership in a group.  Each reporting person disclaims beneficial ownership of Common Stock except to the extent of that person's pecuniary interest therein.  In addition, the filing of this Schedule 13G on behalf of Darlington should not be construed as an admission that it is, and it disclaims that it is, a beneficial owner, as defined in Rule 13d-3 under the Act, of any Common Stock covered by this Schedule 13G.</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>300 Drakes Landing Road, Suite 290, Greenbrae, CA 94904</principalBusinessOfficeOrResidenceAddress>
        <citizenship>See Item 4 of the cover sheet for each reporting person.</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>N</notApplicableFlag>
        <typeOfPersonFiling>IA</typeOfPersonFiling>
        <typeOfPersonFiling>HC</typeOfPersonFiling>
      </item3>
      <item4>
        <amountBeneficiallyOwned>DPCM LP:  7,346,019

DP GP:  7,346,019

Darlington:  7,346,019

Scott W. Clark:  7,346,019

Ramsey B. Jishi:  7,346,019</amountBeneficiallyOwned>
        <classPercent>DPCM LP:  5.2%

DP GP:  5.2%

Darlington:  5.2%

Scott W. Clark:  5.2%

Ramsey B. Jishi:  5.2%</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>DPCM LP:  0

DP GP:  0

Darlington:  0

Scott W. Clark:  0

Ramsey B. Jishi:  0</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>DPCM LP:  7,346,019

DP GP:  7,346,019

Darlington:  7,346,019

Scott W. Clark:  7,346,019

Ramsey B. Jishi:  7,346,019</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>DPCM LP:  0

DP GP:  0

Darlington:  0

Scott W. Clark:  0

Ramsey B. Jishi:  0</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>DPCM LP:  7,346,019

DP GP:  7,346,019

Darlington:  7,346,019

Scott W. Clark:  7,346,019

Ramsey B. Jishi:  7,346,019</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>Y</notApplicableFlag>
      </item5>
      <item6>
        <notApplicableFlag>N</notApplicableFlag>
        <ownershipMoreThan5PercentOnBehalfOfAnotherPerson>DPCM LP's clients, including Darlington, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Stock.  No individual client's holdings of the Stock, other than those of Darlington, are more than five percent of the outstanding Stock.</ownershipMoreThan5PercentOnBehalfOfAnotherPerson>
      </item6>
      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
      </item7>
      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
      </item8>
      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>N</notApplicableFlag>
        <certifications>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.</certifications>
      </item10>
    </items>
    <exhibitInfo>Exhibit 99.1 - Agreement Regarding Joint Filing of Statement on Schedule 13D or 13G</exhibitInfo>
    <signatureInformation>
      <reportingPersonName>Darlington Partners Capital Management, LP</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Scott W. Clark</signature>
        <title>Manager of Darlington Partners GP, LLC, general partner of Darlington Partners Capital Management, LP</title>
        <date>03/25/2025</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>Darlington Partners GP, LLC</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Scott W. Clark</signature>
        <title>Manager</title>
        <date>03/25/2025</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>Darlington Partners, L.P.</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Scott W. Clark</signature>
        <title>Manager of Darlington Partners GP, LLC, general partner of Darlington Partners, L.P.</title>
        <date>03/25/2025</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>Scott W. Clark</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Scott W. Clark</signature>
        <title>Reporting person</title>
        <date>03/25/2025</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>Ramsey B. Jishi</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Ramsey B. Jishi</signature>
        <title>Reporting person</title>
        <date>03/25/2025</date>
      </signatureDetails>
    </signatureInformation>
    <signatureComments>Exhibit 99.1 - Agreement Regarding Joint Filing of Statement on Schedule 13D or 13G</signatureComments>
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<TYPE>EX-99.1 AGREEMENT
<SEQUENCE>2
<FILENAME>darlingtonex991.htm
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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">EXHIBIT 99.1</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">AGREEMENT REGARDING JOINT FILING</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">OF STATEMENT ON SCHEDULE 13D OR 13G</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The undersigned agree to file jointly with the Securities
and Exchange Commission (the &ldquo;SEC&rdquo;) any and all statements on Schedule&nbsp;13D or Schedule&nbsp;13G and Forms 3, 4 and 5
(and any amendments or supplements thereto) required under section 13(d) or section 16(a) of the Securities Exchange Act of 1934, as amended,
in connection with purchases and sales by the undersigned of securities of any issuer, until such time as the undersigned file with the
SEC a statement terminating this Agreement Regarding Joint Filing of Statement on Schedule&nbsp;13D or 13G. For that purpose, the undersigned
hereby constitute and appoint Darlington Partners Capital Management,&nbsp;LP, a Delaware limited partnership, as their true and lawful
agent and attorney-in-fact, with full power and authority for and on behalf of the undersigned to prepare or cause to be prepared, sign,
file with the SEC and furnish to any other person all certificates, instruments, agreements and documents necessary to comply with section
13(d) and section 16(a) of the Securities Exchange Act of 1934, as amended, in connection with said purchases and sales, and to do and
perform every act necessary and proper to be done incident to the exercise of the foregoing power, as fully as the undersigned might or
could do if personally present, until such time as the undersigned file with the SEC a statement terminating this Agreement Regarding
Joint Filing of Statement on Schedule&nbsp;13D or 13G.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">Dated:&#9;April&nbsp;12, 2021</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
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    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><B>DARLINGTON PARTNERS CAPITAL MANAGEMENT,&nbsp;LP</B></P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">By:&#9;Darlington Partners GP,&nbsp;LLC,<BR>
    &#9;General Partner<BR>
    <BR>
    </P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">By:&#9;<I><U>/s/ Scott W. Clark</U></I><U>&#9;<BR>
    </U>&#9;Scott W. Clark, Manager</P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><B>DARLINGTON PARTNERS GP,&nbsp;LLC</B></P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">By:&#9;<I><U>/s/ Scott W. Clark</U></I><U>&#9;<BR>
    </U>&#9;Scott W. Clark, Manager</P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12pt 0 0"><I><U>/s/ Scott W. Clark</U></I><U>&#9;<BR>
    </U>Scott W. Clark</P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12pt 0 0"><I><U>/s/ Ramsey B. Jishi</U></I><U>&#9;<BR>
    </U>Ramsey B. Jishi</P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><B>DARLINGTON PARTNERS, L.P.</B></P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">By:&#9;Darlington Partners GP,&nbsp;LLC,<BR>
    <BR>
    </P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">By:&#9;<I><U>/s/ Scott W. Clark</U></I><U>&#9;</U><BR>
    &#9;Scott W. Clark, Manager</P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
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